LOS ANGELES-Lee & Associates president and chairman of the board Ed Indvik has resigned, and in his place, the brokerage firm has named Jeff Rinkov as his interim successor, GlobeSt.com reports in this exclusive story. The transition in leadership is a positive change supported by Indvik and the executive committee to continue to grow and expand the firm's brand in major national markets and important submarkets.

“We have moved across the country, populating the East Coast, Southeast and Midwest, and we added appraisal and facilities management,” Indvik tells GlobeSt.com. “We have come to find that we need another form of governance where we have a larger executive team. We are in the middle of evaluating that to come up with the right form to then catapult our growth to the next level.”

Rinkov has been named interim president and chairman of the board for a six-month period while the firm determines the type of leadership it needs to continue its projected growth. During that time, Rinkov will also decide if he would like to be considered for the position permanently. In the position, he will carry out the firm's strategy and growth objectives.